Broadcom Inc. Stock Falls Thursday, Underperforms Market
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Shares of Broadcom Inc. (AVGO) shed 3.00% to $620.68 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.87% to 4,668.67 and Dow Jones Industrial Average falling 0.08% to 35,897.64. Broadcom Inc. closed $24.07 short of its 52-week high ($644.75), which the company achieved on December 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 2.78% to $116.57, NVIDIA Corp. (NVDA) fell 6.80% to $283.87, and Intel Corp. (INTC) rose 0.32% to $50.83. Trading volume (4.2 M) eclipsed its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2021.
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December 16, 2021 16:39 ET (21:39 GMT)
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